Hunting (LON:HTG) Insider Bruce Ferguson Acquires 6,568 Shares

Hunting PLC (LON:HTG) insider Bruce Ferguson purchased 6,568 shares of Hunting stock in a transaction on Friday, March 13th. The stock was bought at an average price of GBX 509 per share, for a total transaction of £33,431.12.

Bruce Ferguson also recently made the following trade(s):

• On Tuesday, March 10th, Bruce Ferguson sold 66,154 shares of Hunting stock. The stock was sold at an average price of GBX 507, for a total value of £335,400.78.

Hunting Trading Down 3.2%

HTG stock traded down GBX 16 during trading on Friday, hitting GBX 482. The company had a trading volume of 286,799 shares, compared to its average volume of 1,794,563. The stock has a market cap of £709.03 million, a PE ratio of -22.74, a PEG ratio of 1.06 and a beta of 0.74. The business has a 50-day moving average of GBX 463.53 and a 200-day moving average of GBX 389.08. The company has a current ratio of 2.97, a quick ratio of 2.08 and a debt-to-equity ratio of 13.38. Hunting PLC has a one year low of GBX 245 and a one year high of GBX 553.

Hunting announced that its board has authorized a stock buyback program on Thursday, March 5th that permits the company to buyback $40.00 million in shares. This buyback authorization permits the company to repurchase up to 5.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HTG. Canaccord Genuity Group restated a “buy” rating and issued a GBX 600 target price on shares of Hunting in a report on Thursday, March 5th. Berenberg Bank boosted their price objective on Hunting from GBX 450 to GBX 580 and gave the company a “buy” rating in a research note on Thursday, March 5th. Finally, Royal Bank Of Canada raised their target price on Hunting from GBX 440 to GBX 500 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Hunting currently has an average rating of “Buy” and an average target price of GBX 536.

Hunting Company Profile

Hunting is a global precision engineering group, which provides quality-assured products and services for the energy, aviation, commercial space, defence, medical, and power generation sectors.

Our strong focus on quality assured products, supported by rigorous health and safety procedures, ensures we assist in the delivery of energy safely and it is also the basis of our standing in this critical, global industry.

Our intellectual property portfolio enables the Hunting Group to maintain a leading technology edge, so that energy projects are delivered quicker and at lower cost with minimal impact on the environment.

Our people are our most important asset.